$ETH has currently entered the most favored range for “long-termism capital”
The price of ETH at $3400 is attracting a special category of participants: long-term capital.
This capital does not rely on emotional fluctuations to make decisions, but rather focuses on on-chain structure, supply and demand logic, and mid-to-long-term trends. At the current stage of ETH, the annualized yield from staking, deflation expectations, and ecological market share are perfectly overlapping with the “most sensitive indicators for capital”.
This means that regardless of short-term fluctuations, the mid-term logic has been validated, and the market risk-return ratio has entered an ideal state.
From the perspective of capital cycles, we are currently in a “capital concentration period”, rather than a “dispersed speculation period”. Suitable strategy: gradually build positions, rather than waiting for the perfect price.